Posted onAugust 3, 2017

Robotic process automation market is segmented on the basis of operations that includes rule based and knowledge based operations. The knowledge based operations offers a new framework for efficient decision making process in logistics and warehouse industries. It enable users by offering interactive monitoring and optimization in the flow of logistics activities using hybrid techniques.

Robotic Process Automation Market tis an application technology where software with capabilities of artificial intelligence and machine learning are used for handling high volume, repeatable tasks. RPA allows employees to configure and program a computer software or a robot to interpret exiting application in the organization for manipulating data, processing transactions and communicating with digital systems. The RPA is similar to traditional IT automation but the major difference between these technologies is, RPA is capable of learning itself and adaptive to changing circumstances which a traditional IT automation system lacks.

The robotic process automation market is expected to grow at approximately USD 2,700 Million by 2023, at 29% of CAGR between 2017 and 2023.

The Global market of RPA is segmented on the basis of Organization Size and Industries. By organization size, the market has been segmented into SMEs and large enterprises where by industries the market consist deep study of segments- BFSI, Manufacturing, IT and Retail among others.

Study Objectives of Global Robotic Process Automation Market:

To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Robotic Process Automation market.

To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)..

Market Research Analysis:

MRFR analysis shows that North America is dominating the market of RPA in the year 2016. High development in the IT industry and growing banking sector is driving the market in North America. Also, presence of developed countries in this region gives North America a competitive advantage over other countries.

Europe is expected to stand as second biggest market due to the growing automotive and Healthcare industry in Germany and Italy. Asia-Pacific is expected to emerge as fastest growing market as China, South Korea and Japan are few of the biggest manufacturing driven economies. High demand of consumer electronic products in this region is also pushing the manufacturers to adopt RPA in the process.

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